Month: February 2015

Reading Time: 3 minutesThe Ugandan authorities have released a statement, as promised, reporting a decision that Russia’s RT Global Resources of Russia is a preferred investor in its crude oil refinery project. As we have reported earlier the negotiations to select a Lead Investor have been a dead heat between RT Global and South Korea’s SK group. Indeed,

Reading Time: 4 minutesUgandan crude will be sold for the first time this year. The one-off sale by competitive bidding consists of 40,000 barrels extracted and stored earlier from extended well testing. An announcement about the sale was made by the Petroleum Exploration and Production Department [PEPD] the oil sector planning and regulatory body based in Entebbe. The

Reading Time: 1 minuteUganda will announce a lead investor for its refinery project this month. The ranking officer in charge of the refinery project Mr. Robert Kasande in a brief email said, “ Yes, we’ll announce this month” in response to our queries seeking a definite confirmation. Two firms, a Russian and South Korean firm, were issued a